IR35 is the tax legislation designed to stop individuals, whose working arrangement reflects employment, from paying less in tax when providing their services to clients through their own limited company. Due to its complexities, and the fact that many factors need to be considered when deciding whether a contractor should be classed as a self-employed individual or an employee for…
There have been major changes to ‘Making Tax Digital’ that were announced by HMRC on 13th July 2017. The scheme was due to go live from April next year however, this has been put back because of feedback that HMRC received. The accounting profession, Parliamentary bodies, businesses and several accounting software providers felt that there…
If you have an office in your home you could be missing out on tax savings and reducing the amount you actually pay to HMRC. Generally speaking if you work from home in a dedicated office then you can offset a proportion of your household bills against your tax bill. This applies whether you are…
We all know that Holland is the main player when it comes to cycling but now is the time to clean up your old bike and get cycling to and from work. If you’re an employer though, there’s a tax benefit to supply bikes to your employees as long as they mainly use it for…
